1. Past Market Panics and Bottoms

2. Similar Trading Action
Usually there is a smash, crash or panic
This is followed by a retest, the market bottoms and a bull market begins
The Exceptions were 2001 and 1929
However, all other panics, 1907, 1921, 1938, 1962, 1970, 1974, 1987, 1997, 1998, 2002 the market bottomed then entered a bull market

7. Huge Gains After Successful Retest
You can break down to new lows on a retest
1907 and 1929 Lows in November after October Crash, Market Still Started Rally

11. 1929

13. Conclusions Usually Panics and Crashes Mark Bottoms
Need a period of basing or retesting
If you come out of that period could see 60 to 70% return in the market in the next 1-2 years from the low.
Only Time Panic did not mark bottom was 1929, but even then you got a 48% rally from November 1929 to April 1930